EVX Midstream Partners LLC on Sept. 11 said it had completed the first phase of its water gathering systems in the Eagle Ford Basin. Additionally, on Aug. 28, EVX closed on a new revolving credit facility at its affiliate, EVX Eagle Ford Partners LLC.
“EVX is positioned to be the largest gatherer of produced water in the Eagle Ford basin,” said EVX CEO Herb Chambers IV. “We have recently completed over 300 miles of large diameter water gathering systems and have pipe connected many of our 20-plus [saltwater disposal wells] to provide our producer customers and trucking companies unprecedented operational flexibility. Our environmentally friendly solutions create long-term cost savings and have been beneficial to landowners and the environment we operate in.”
“We appreciate the commitments from our financial partners which support EVX’s ongoing growth in a sustainable and cost-effective manner,” said EVX CFO Brian Kellar. “Our most recent financing allowed us to expand our lender base, bringing in new financial partners to support our continued expansion in South Texas.”
EVX is a Houston-based midstream company focused on acquiring, developing and operating crude oil, natural gas, and produced water gathering, recycling and disposal assets. The company was founded in 2015 in partnership with private-equity firm Five Point Energy LLC.
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